CACI International Inc (NYSE:CACI) Sees Large Growth in Short Interest

CACI International Inc (NYSE:CACI) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 701,100 shares, an increase of 19.5% from the December 15th total of 586,600 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 219,600 shares, the short-interest ratio is currently 3.2 days.

Institutional Trading of CACI International

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. raised its stake in CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 18 shares in the last quarter. UMB Bank n.a. increased its position in CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares in the last quarter. Coastline Trust Co acquired a new position in CACI International during the 3rd quarter worth approximately $45,000. GAMMA Investing LLC lifted its stake in CACI International by 69.4% in the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock valued at $49,000 after purchasing an additional 50 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 19 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CACI. StockNews.com raised shares of CACI International from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen dropped their price target on CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays lifted their price objective on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Truist Financial cut their target price on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $521.50.

CACI International Price Performance

CACI traded down $1.85 on Friday, hitting $452.43. 226,469 shares of the stock were exchanged, compared to its average volume of 177,556. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. CACI International has a 12 month low of $326.60 and a 12 month high of $588.26. The business has a 50-day moving average of $442.22 and a two-hundred day moving average of $470.79.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.36 EPS. Sell-side analysts forecast that CACI International will post 23.88 EPS for the current fiscal year.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.